After announcing the launch of Apple Pay Later, now Apple comes with another incredible deal: 4.15% interest rate for the Apple Card Savings Account.
In a press release, Apple announced that US users can now find the Apple Card Savings Account in their Wallet App. And find it you’re going to want to do, because it offers an incredible APR that surpasses most of the other options on the market – 4.15%.
In the announcement, Apple said that this is “more than 10 times the national average. There are no fees, no minimum deposits, and no minimum balance requirements.”
From the fineprint accompanying the announcement:
“You may deposit or withdraw funds from your Account into or from Apple Cash. Transfers must be at least $1.00 and can be no more than $10,000. You may transfer no more than $20,000 per rolling 7-day period. We may place additional limits on the amount and frequency of transfers for the security of your Account.”
To save more, you can automatically deposit Daily Cash rewards into the Apple Savings account, so that 3% on Apple purchases, 2% on Apple Pay purchases and 1% on all other purchases can really add up.
According to 9to5Mac, you can also get 3% daily cash back if you use Apple Pay for Uber, Uber Eats, Walgreens, Panera Bread, T-Mobile, Mobil, Ace Hardware and Exxon, as well as purchases from Nike or Duane Reed.